Final answer:
Two types of supply risks in business are input price risk and disruption risk.
Step-by-step explanation:
Two types of supply risks that businesses may face are:
- Input Price Risk: This refers to the risk of changes in the cost of inputs, such as raw materials and labor, which can impact the cost of production. For example, if the price of oil increases, it can lead to higher production costs for businesses that rely on oil as an input.
- Disruption Risk: This refers to the risk of disruptions in the supply chain due to natural disasters, political instability, or other unforeseen events. These disruptions can lead to shortages of inputs or delays in delivery, which can impact a business's ability to meet demand.
Managing these risks requires businesses to monitor market conditions, diversify their supply chains, and develop contingency plans to mitigate the potential impact of supply disruptions.